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Here's the The Lowdown
from DN Journal,
updated daily
to
fill you in on the latest buzz going around the domain name industry.
The Lowdown is
compiled by DN Journal Editor & Publisher Ron
Jackson. |
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$5,000,000+
Sale of Invest.com Apparently Completed, Name
Now Out of Escrow - Elsewhere NameJet Auction of
Rare 3-Letter .Com Domain Could Bring Big Bucks
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Last
November
we shared the news
that news that Singulariteam
- an Israeli venture capital company
- had bought Invest.com for over
$5 million (the exact amount and
terms of the sale were not
specified). Since that report came
out the domain's WhoIs record showed
it was being held in escrow at Escrow.com,
a common arrangement when payments
for a domain are made over time.
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Today George
Kirikos, the veteran
domain investor who originally
brought the sale to our attention
last fall, let us know that the
WhoIs record for Invest.com has changed
and it now shows the domain under
WhoIs Privacy at GoDaddy.com. There
is also a "Coming Soon"
landing page on the domain with a
form allowing people to leave an
email address to be notified when
the site goes live. So, it appears
the mega deal is now done.
Unfortunately,
without an exact price we have been
unable to chart the sale which would
rank among the ten biggest
cash sales of a
domain ever reported to us. We
are hopeful that at some point the new
owners will be able to specify the
exact price. While they did say it was
over $5 million it's likely that a non
disclosure agreement prevented them
from giving the exact number at the
time the deal was made.
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Another
major sale may be coming this
week. NameJet.com has
acquired the exclusive
rights to auction
off an ultra-rare 3-letter .com
domain - VVV.com, one of
only 26 repeating
3-letter .com domains in
existence. The company believes
this is the first time one of
them has been offered in a |
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public
auction. The auction started
today and will end Wednesday
afternoon (March 11, 2015) at
3pm US Eastern Time (or shortly
thereafter - If there is a bid
during the last 5 minutes of the
auction, the closing process
will extend for an additional 5
minutes from the time that bid
is accepted to allow for
additional bids. If additional
bids are received within that
next 5 minute time period, the
auction will continue to be
extended in 5 minute increments
until no further bids are
received). |
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(Posted
March 9, 2015)
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For
all current Lowdown posts - Go
Here
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Lowdown, so please email [email protected]
with any interesting information you might have. If possible,
include the source of your information so we can check it out (for
example a URL if you read it in a forum or on a site
elsewhere).
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